Home Depot inks acquisition deal

ATLANTA — The Home Depot has announced an agreement to purchase Compact Power Equipment, Inc., a provider of equipment rental and maintenance services, for $265 million in cash. The transaction is expected to close by the end of the company’s fiscal second quarter. As a commercial partner of the Home Depot since 2009, Compact Power Equipment currently provides compact equipment rentals at more than 1,000 stores across the U.S. and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including the Home Depot.